National Healthcare Properties Inc. Announces Preferred Stock Dividends and Ticker Symbol Updates

Rhea-AI Summary

National Healthcare Properties (NHP) has announced its quarterly dividend schedule for two preferred stock series. The Series A Preferred Stock will pay $0.4609375 per share quarterly (annualized rate of $1.84375), with the next payment due January 15, 2025, for stockholders of record as of January 3, 2025. The Series B Preferred Stock will pay $0.4453125 per share quarterly (annualized rate of $1.78125), also payable January 15, 2025, to stockholders of record as of January 3, 2025.

Following the company's internalization and rebranding, effective January 2, 2025, the ticker symbols will change from HTIA and HTIBP to NHPAP and NHPBP respectively. No stockholder action is required for this change.

Positive

• Consistent quarterly dividend payments maintained for both preferred stock series
• 7.375% yield for Series A Preferred Stock
• 7.125% yield for Series B Preferred Stock

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- National Healthcare Properties, Inc. (Nasdaq: HTIA / HTIBP) (formerly known as Healthcare Trust, Inc.) (“NHP”) announced today that it intends to continue to pay dividends on a quarterly basis on its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) at an annualized rate of $1.84375 per share or $0.4609375 per share on a quarterly basis. Dividends on the Series A Preferred Stock are payable in arrears to Series A Preferred Stock holders of record at the close of business on the applicable record date and payable on the 15th day of the first month of each fiscal quarter (or, if not a business day, the next succeeding business day).

Accordingly, NHP’s board of directors declared a dividend of $0.4609375 per share of Series A Preferred Stock payable on January 15, 2025, to Series A Preferred Stock holders of record at the close of business on January 3, 2025.

In addition, NHP announced today that it intends to continue to pay dividends on a quarterly basis on its 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") at an annualized rate of $1.78125 per share or $0.4453125 per share on a quarterly basis. Dividends on the Series B Preferred Stock are payable in arrears to Series B Preferred Stock holders of record at the close of business on the applicable record date and payable on the 15th day of the first month of each fiscal quarter (or, if not a business day, the next succeeding business day).

Accordingly, NHP’s board of directors declared a dividend of $0.4453125 per share of Series B Preferred Stock payable on January 15, 2025, to Series B Preferred Stock holders of record at the close of business on January 3, 2025.

Finally, in connection with NHP’s previously announced internalization and rebranding to National Healthcare Properties, effective as of market open on January 2, 2025, the Nasdaq ticker symbols for the Series A Preferred Stock and Series B Preferred Stock will be changed from “HTIA” and “HTIBP” to “NHPAP” and “NHPBP”, respectively. The ticker symbol changes require no action from stockholders. The Series A Preferred Stock and Series B Preferred Stock will continue to be listed on Nasdaq with no changes to their CUSIP numbers.

About National Healthcare Properties, Inc.

National Healthcare Properties, Inc. (Nasdaq: HTIA / HTIBP) is a publicly registered real estate investment trust focused on acquiring a diversified portfolio of healthcare real estate, with an emphasis on seniors housing and outpatient medical facilities, located in the United States. Additional information about NHP can be found on its website at nhpreit.com.

Important Notice

The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words “anticipates,” “believes,” “expects,” “estimates,” “projects,” “plans,” “intends,” “may,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of NHP’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the potential adverse effects of (i) the geopolitical instability due to the ongoing military conflict between Russia and Ukraine and Israel and Hamas, including related sanctions and other penalties imposed by the U.S. and European Union, and the related impact on NHP, NHP’s tenants, NHP’s operators and the global economy and financial markets, and (ii) that any potential future transactions by NHP are subject to market conditions and capital availability and may not be identified or completed on favorable terms, if at all, as well as those risks and uncertainties set forth in the Risk Factors section of NHP’s Annual Report on Form 10-K for the year ended December 31, 2023 filed on March 15, 2024, as amended, and all other filings with the Securities and Exchange Commission (“SEC”) after that date, as such risks, uncertainties and other important factors may be updated from time to time in NHP’s subsequent filings with the SEC. Further, forward-looking statements speak only as of the date they are made, and NHP undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required to do so by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241220794734/en/

Investors and Media:

Email: ir@nhpreit.com

Phone: 332-258-8770

Source: National Healthcare Properties, Inc.

FAQ

What is the dividend amount for HTIA (Series A Preferred Stock) in Q1 2025?

The dividend amount for Series A Preferred Stock is $0.4609375 per share, payable on January 15, 2025.

When will HTIA ticker symbol change to NHPAP?

The ticker symbol will change from HTIA to NHPAP effective at market open on January 2, 2025.

What is the annual dividend rate for HTIA preferred shares?

The annual dividend rate for Series A Preferred Stock (HTIA) is $1.84375 per share.

What is the record date for National Healthcare Properties' Q1 2025 preferred stock dividends?

The record date is January 3, 2025, for both Series A and Series B Preferred Stock dividends.

Will the CUSIP numbers change when HTIA and HTIBP ticker symbols change?

No, the CUSIP numbers will remain unchanged despite the ticker symbol changes to NHPAP and NHPBP.